Copenhagen Infrastructure Partners (CIP) has successfully concluded the fundraising for a renewable infrastructure fund, securing €1 billion in commitments, as well as an extra €200 million in co-investments.
The CI Green Credit Fund I (CI GCF I) and CIP’s latest bioenergy fund, CI Advanced Bioenergy Fund I (CI ABF I), have garnered support from investors spanning the Nordics, Europe, and the Asia Pacific region.
The investor base encompasses institutional investors, primarily pension funds, life insurance companies, sovereign wealth funds, family offices, asset managers, and corporate investors.
CI GCF I offers debt financing with subordinate risk characteristics to renewable energy ventures globally, playing a role in the transition to cleaner power markets.
It concentrates on supplying private project finance debt with subordinate risk features to assist renewable energy projects in Europe, North America, and selected areas in the Asia Pacific region.
The fund’s primary emphasis lies in direct investments, though it also possesses the capacity to engage in risk-sharing transactions. The fund’s main projects target both existing (brownfield) and new (greenfield) renewable energy infrastructure initiatives.
Nicholas Blach-Petersen, partner and co-head of CIP’s credit platform, with partner Jakob Groot, said “Reaching this milestone together with a strong group of global LPs allows us to continue identifying new investment opportunities, and work with strong developers on executing the renewable energy build-out.”
“We believe private credit in the renewable energy space is a natural addition to the strong CIP fund portfolio, and it offers our LPs a new and attractive way to deploy capital into the energy transition while leveraging CIP’s strong skills and heritage.”
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